Answer:
$282.59 per share
Step-by-step explanation:
Given that,
Stockholders' equity = $323 million
price/earnings ratio = 14
shares outstanding = 8,800,000
Market/book ratio =7.7
Book Value per share:
= Stockholders' equity ÷ shares outstanding
= $323,000,000 ÷ 8,800,000
= $36.70
Market price per share:
= Book Value per share × Market/book ratio
= $36.70 × 7.7
= $282.59 per share
So use pythagorean theorem to find the straight distance between hhouses
legs are 6 and 8
a^2+b^2=c^2
6^2+8^2=c^2
36+64=c^2
100=c^2
squrer root both sides
10=c
the distance=10 miles
This is an arithmetic series with first term a1 = 3 and common difference = 3
Sum after 365 days = (365/2)[ 2*3 + (365-1)*3]
= 200,385 pennies = $2003.85 Answer
